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Questions across 14 calls

Karan Uppal

Phillip Capital India

Tata Technologies Limited

Quarter ended Jun 2026 · 2026-07-17
Yes. Thanks for the opportunity. Just wanted to check within automotive, how much is the contribution of anchor and non- anchor at this point of time? I'm not sure if you have shared this number in the call as well?
Okay. So, one in terms of the outlook for this year, double-digit growth, how are you factoring in the growth within anchor and non-anchor? How is the growth outlook within these two sub- segments? That is one. And second is in terms of the non - anchor how much is the contribution between US and Europe OEMs?
Tata Technologies Limited CC-May26.pdf · 2026-05-04
Congrats on a good set of numbers. Warren, first question is for you. You mentioned about four multi-year deals which you have won and two are also in the pipeline. So, is there any geographic trend to it? Is it that North American OEMs are spending more than European OEMs? You also mentioned about Japanese OEMs management. So, any particular trend to highlight in North America versus EU OEMs, how they are thinking about that trend? And second question is in terms of European OEMs, offshoring was a major part of their spend, which was benefiting most of the Indian ER&D vendors. So, is that trend accelerating now? Yes, that's the second question.
Okay. Just the last question on the guidance of double -digit growth -- organic growth for next year. So, is it going to be double digits across both non -Anchor as well as Anchor clients within Automotive?
Tata Technologies Limited CC-Jan26.pdf · 2026-01-16
So, 2 questions from my side. Firstly, Warren, can you explain how are you seeing the automotive business from near to medium-term perspective, the headwinds which we had seen in the last 1 year with respect to tariffs or maybe due to Chinese competition impa cting the overall spending? Are those headwinds behind us? And secondly, from the anchor client perspective, especially JLR, so how are things there? Is the spending improving within that? These are the 2 questions.
Okay. Just a follow -up on basically JLR as well as the overall auto spending. So, in the near term, the 10% kind of a Q -o-Q growth which you're guiding to, is that a broad -based kind of growth or is it specific to any deal which is ramping up within auto or aero? That is first. And secondly, for FY '27, do you expect, let's say, your t op 5 to top 10 clients within auto to recover the spending? Or is it mainly linked to the anchor clients?
Tata Technologies Limited CC-Dec23.pdf · 2024-01-25
Yes, thanks for the opportunity. So, Warren, the first question is on EVs. We have seen some bit of a customer adoption which has slowed down in EVs in the US and Europe due to multiple reasons. We have a very strong success in the EV segment. Will it have any impact on our business due to this?
Okay. Thanks a lot for the detailed answer. The second question is regarding the services segment. So, in services, we have seen a growth rate of close to double digits in this quarter and in H1 it was around 15. So, considering the drag from VinFast, how should we think about the growth in services segment for FY '25?

L&T Technology Services Limited

L&T Technology Services Limited CC-Apr26.pdf · 2026-04-22
Yes. Thanks for the opportunity. Amit, two questions from my side. Firstly, any impact of the Middle East war, price volatility you are seeing in, let's say, the Plant Engineering business, especially in some of the subsegments like Oil and Gas, CPG, chemicals, any impact in greenfield or that could have an impact on the overall Sustainability vertical? That is one. Second is the six big bets which you talked about. Any M&A you are planning to do in any of these 6 big bets, if you can also share the size of it? And subpart to that question is that would you be open to take hit on margins again because of M&A? Yes. Those are the two questions.
Are we open to take a hit on margins again because of M&A.
L&T Technology Services Limited CC-Sep25.pdf · 2025-10-17
Yes. Thanks for the opportunity. Just a question on the TCV to revenue conversion. So, LTTS has been reporting very strong TCV since last 4 quarters, but the growth has been a bit soft in the last couple of quarters. So, from here on, how do you think abo ut the TCV to revenue conversion? Your commentary suggests that the revenue conversion is improving. Do you think that the clients are now more open to spending now versus, let's say, 6 months back? That's the first question.
Okay. Amit, last time you mentioned that for FY26, organic growth would be better than last year. Do you still hold to that guidance?
L&T Technology Services Limited CC-Mar25.pdf · 2025-04-24
Just the question is on next quarter. So, in FY25, we saw SWC seasonality leading to a weaker Q1FY25, so revenue declined 3%. So, are you expecting in FY26 also the quantum to be similar and then the growth to pick up in rest of the year? That's the first question.
Second question is to Rajeev. So , Rajeev, Tech margins have come up significantly. You explained that it's because of Intelliswift integration. So , should we assume this to be the base for Tech vertical margins? And any color in terms of segmental margins, how those will evolve in FY26? That would be helpful.
L&T Technology Services Limited CC-Dec24.pdf · 2025-01-15
Amit, just wanted to check the outlook on Oil and Gas sub-segment. The incoming US President is quite vocal of increasing the crude oil production levels which ideally should be beneficial for this vertical in terms of Brownfield and Greenfield investments. So how are you thinking about this from next year perspective?
Okay. Thanks for that. Secondly, on Auto vertical. So SDV was believed to be a big growth driver for ER&D players. So, do you believe that this SDV opportunity, the large deals in SDV is pushed back by a few quarters due to the stress in OEMs?
L&T Technology Services Limited CC-Mar24.pdf · 2024-04-25
Two questions from my side. Firstly, on margins. So, Rajeev we had our medium-term aspiration of reaching 18% margins by H1 of FY26. So, given that now we are targeting 16% for FY25, so are we pushing that 18% margin target? That's first. And second, on SDV. So, we are hearing multiple ER&D players getting empanelled on SDV initiatives by OEMs. So, is the outsourcing very high around the SDV area o r OEMs want to recreate the new architectures really fast and are spending aggressively within in-house as well as outsourced vendors like us?
Okay thanks and all the best.

Tata Elxsi Limited

Tata Elxsi Limited CC-Sep25.pdf · 2025-10-09
Just one clarification on the auto commentary which you mentioned. You said that H2 will be better than H1 in the overall transportation business. But it will be driven by the adjacencies, but not the core auto business. Is that what you said?
Okay, okay. Got it. The second question is within the auto business, which are the areas where OEMs are keen to spend on and where are they holding back right now? And also, are you benefiting from the increasingly offshoring trend which we are witnessing across players for the automotive business?
Tata Elxsi Limited CC-Jun25.pdf · 2025-07-10
Yes. Thanks for the opportunity. So the ramp up which you are seeing in the auto business, could you clarify which areas you are seeing t he demand? Is it EVs? Is it hybrid? Is that S DV poly engineering? Which are the areas in which you are seeing the demand?
Okay. Also, just wanted to check all the Mercedes deal which you have announced, if you can provide the ballpark range, what was the deal size? And what is the scope of work given to Tata Elxsi? Is it around OS, middleware, cloud verification validation all these areas? If you can clarify that? And how is the pipeline for SDV-related work?

Latent View Analytics Limited

Latent View Analytics Limited CC-Jun24.pdf · 2024-07-26
Thanks for the opportunity. Good evening, Rajan and Raj. First question is on BFSI. So BFSI has been growing very well, congratulations on that. So, if you can elaborate on what sort of projects you guys are winning and which are the end clients in BFSI . Given that BFSI is such a large vertical , are we serving the big banks, capital markets, cards and payment companies, insurance companies. So if you can elaborate that will be helpful.
So Rajan just a follow-up here. So the sequential growth has been in the range of high teams or even more than that. So do you expect this momentum to continue?

Cyient Limited

Cyient Limited CC-Jun24.pdf · 2024-07-25
First question is on the margins. So Karthik, you mentioned that you are anticipating pick up in Aerospace as well as in Connectivity and specifically in Aerospace you mentioned that the deal ramp ups are happening onsite. So would that be a pressure to the margins, given that wage hikes will also be there and you have also talked about investments in technology and I can see that your S&M spends have also gone up. So are there risks to margin guidance as well and what are the levers to offset these headwinds?
And when are you planning to give wage hikes?